Nonprofit Organization

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Nonprofit Organization

An organization that operates as if it were a business but does not seek a profit. Common examples of nonprofits include charities, private schools, and think tanks. Nonprofits do not pay taxes; donations to many are tax-deductible, at least up to certain limits. In order to qualify for this status, however, a nonprofit must register with the IRS, under section 501(c) of the tax code. See also: 403(b).
References in periodicals archive ?
NonProfit Talent Match Expands Services to Support Growing NonProfit Workforce Needs
Given the missions of their organizations and the resource constraints nonprofits often face, CFOs told Bridgestar that one of the top challenges they face is dealing with nonprofit economics.
Sponsored by the nonprofit Restaurant Opportunities Center of New York (ROC-NY), Colors required $2.
In the past, a nonprofit organization was in danger of losing its exemption only if it abused its exempt status.
Competitive challenge--A basic tension exists between for-profit and nonprofit organizations resulting in an increasing dilemma as nonprofits strive to be competitive.
An effective oversight process that incorporates the use of a functioning audit committee can help nonprofits achieve these goals.
Kaiser, who retired from Corning in 1996 after a distinguished 30-year career, says sitting on a nonprofit board is a great way to learn how they are run.
VALENCIA - As Santa Clarita continues to grow, so does the importance of nonprofit organizations, and the Santa Clarita Valley Resource Center is offering several new programs to help charity groups work together.
It is no coincidence that the first national nonprofit conservation organization in the United States, AMERICAN FORESTS, was devoted to trees and forests.
The expectation that nonprofits will perform their charitable purposes scrupulously is what earns them their public trust and massive tax exemptions.
Brinckerhoff will explain how his model of nonprofit leadership is designed to keep nonprofit organizations focused on their missions.
50 percent of nonprofits anticipate hiring at least one new employee in 2015.

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